SAN DIEGO, May 20, 2003 – Overland Storage, Inc. (Nasdaq: OVRL), a leading provider of storage solutions, today announced that Fujitsu Storage System Division-Japan has selected Overland's Neo Series™ tape automation for use with its server systems.
"Fujitsu's selection of the industry-leading Neo Series further validates our position as a market leader for mid-range tape automation solutions," said Robert Scroop, vice president and general manager of Overland's storage resource business unit. "This selection enables Overland to further extend our industry reach and client portfolio."
"We were seeking a tape automation solution that was reliable, affordable and scaleable," said Hotoshi Matsushima, general manager of Fujitsu's storage system division. "Overland's Neo Series is the only solution we found that offered everything we required. Our customers are the core of our business, and we want to provide them the best solution. Overland's award-winning Neo Series enables us to do just that."
Fujitsu Storage System Division selected the Overland Neo 2000 with LTO Ultrium 1 automated storage solutions. Fujitsu will offer the Overland Neo 2000 under the Eternus LT130 name.
Overland's Neo Series provides unprecedented levels of availability through non-stop operation, investment protection through SmartScale Architecture, and flexible connectivity to DAS or SAN environments through Virtual Interface Architecture.
Overland Storage products are available through leading storage partners worldwide. To find the one nearest you, or for more information on Overland's Neo Series, please call
1-800-729-8725 or visit www.overlandstorage.com.
About Overland Storage
Overland Storage, Inc. (NASDAQ: OVRL) is a leading global supplier of innovative hardware and software storage solutions for mid-range computer networks. The Company delivers high availability products, including award-winning automated storage libraries that set the standard for intelligent, automated and scalable storage. Overland sells its products worldwide through leading OEMs, commercial distributors, storage integrators and value-added resellers. For more information, visit Overland's Web site at www.overlandstorage.com.
CONTACT INFORMATION:
OVERLAND STORAGE INVESTOR RELATIONS:
Cynthia A. Bond, Director of Corporate Communications
cbond@overlandstorage.com
(858) 571-5555
MEDIA INQUIRIES:
Jamie Ernst
Brodeur Worldwide
jernst@brodeur.com
(310) 316-9335
Except for the factual statements made herein, the information contained in this news release consists of forward-looking statements that involve risks, uncertainties and assumptions that are difficult to predict. Words and expressions reflecting optimism and satisfaction with current prospects, as well as words such as "believe," "intends," "expects," "plans," "anticipates" and variations thereof, identify forward-looking statements, but their absence does not mean that a statement is not forward looking. Such forward-looking statements are not guarantees of performance and the Company's actual results could differ materially from those contained in such statements. Factors that could cause or contribute to such differences include continuing transitional issues at the Company's major OEM customer, technology spending levels, unexpected shortages of critical components, rescheduling or cancellation of customer orders, loss of a major customer, the timing and market acceptance of new product introductions by the Company, including the Company's new software products, its competitors or its licensees, the timing and amount of licensing royalties, general competition and price pressures in the marketplace, the Company's ability to control costs and expenses and economic conditions. Reference is also made to other factors set forth in the Company's filings with the Securities and Exchange Commission, including the "Risk Factors," "Management's Discussion and Analysis" and other sections of the Company's Form 10-K for the most recently completed fiscal year. These forward-looking statements speak only as of the date of this release and the Company undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
